Krawcheck: ‘I’m very concerned’ about how women emerge from the coronavirus pandemic

By: Adriana Belmonte

“As we all go to shelter in place, women are not as able to go to shelter in place, because they’re more in hospitality industries, a lot of the essential workers,” Krawcheck said. “They’ve been losing their jobs at a greater rate than men are because of the industries that have been hard hit.”

Furthermore, of the 700,000 people who were laid off in March, nearly 60% were women.

“Across the board, women went into this in worse shape, and they’re getting hit to a greater degree even if they’re able to shelter at home,” Krawcheck said. “So I’m very concerned about the shape that women come out of this in.”